Channel Pattern

Buyers feel comfortable to add at $7.74 area as a solid support and find difficult to above above $9.35 this has been the case last few months. The price tried to breakout upside October above 9.35 and gave up most of the gain which may put it as a false breakout but market sell off and if market improves the chance to see again $10.69 levels is very high. Buying at this level is relatively safe.